Two clear messages came out of POWER-GEN Europe’s Strategic Overview of CCS session at POWER-GEN Europe.
First, non-OECD countries will drive CCS development by 2025. Second, CCS’s commercialisation in Europe looks very shaky.
Drawing on the IEA’s Energy Technology Perspectives 2012, published on 11 June, Juho Lipponen argued that the non-OECD will dominate CCS’s commercial development over the next ten years.
In particular, “the role of China would remain critically important”, with the country responsible for capturing and storing a third of the world’s CO2 emissions by 2025. The IEA projects 120 gigatonnes of CO2 will need to be captured and stored over the next 40 years, raising the need for much more work on storage, he added.
For Europe, Martina Doppelhammer from the European Commission providing an update on the NER300 programme, which is the main funding mechanism for full chain, large-scale CCS demonstration projects in Europe.
Doppelhammer confirmed that the initiative was on track and that award of the funding for the first round would be announced by the end of this year. But she acknowledged a number of challenges, not least the low carbon price.
The current carbon price is significantly lower than when NER300 was launched in 2010. Doppelhammer confirmed that the Commission is looking to cut the number of CCS projects receiving funding, down from 11 currently.
When asked if she was optimistic about the success of the prgramme, Doppelhammer replied, “I am always optimistic.” She was arguably the only one in the room that was.
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